LIT seems to have formed a beautiful ascending channel. Right now we are testing the middle level of this channel which also coincides with our support line which represents a key level we need to hold to go higher.
If we should fail and fall under $7, it will not be too concerning as we have support lower as well, just above $5.
LIT has done a great run and we can't really complain. It was expected to have some cooldown. If we consolidate around $7 that would be ideal before we can push higher towards $16.
Best to consider holding this coin for a while if you entered around $4 as it is surely to gain a lot of traction and price increase in the future.
So far we had 4 days of green candles. Lets see how this develops!
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